CAT’s retrial with Microsoft and CMA appears to be over With great progress Favorable for Activision Blizzard’s acquisition of Xbox.
As shared by The VergeThe latest ruling, aimed at analyzing Microsoft’s request to defer Microsoft’s appeal rulings after blocking the acquisition of Activision Blizzard, did not make the desired progress, as the Redmond giant expected CAT to issue the acquisition without the new analysis from the CMA, What did not happen.
In addition, the CAT requested more time to review the postponement request and requested new documents, setting the next date for Thursday, Two days after Microsoft’s deadline to complete the merger with Activision Blizzard. However, the agency has given the CMA and Microsoft an additional four to six weeks to negotiate, which will take effect following Thursday’s ruling.
It should be noted that both Microsoft and CMA chose to do so Cuts “Fighting” in the Court of Appeal after The last refusal Appeal of the Federal Trade Commission to the US Court of Appeals.
Unfortunately, the deadline to complete the acquisition is tomorrowMicrosoft aims to maintain a “good relationship” with all regulators, as other major mergers are expected in the near future. With this said, it is possible that Activision and Xbox could negotiate an increased deadline to finalize the acquisition, something that was already reported last Saturday.
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